Debt and Warrants Transactions (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Assumptions Utilized

The derivative was initially recognized at a fair value of $4.2 million and was subsequently adjusted to $1.6 million at December 31, 2022, with the following assumptions being utilized:

	Convertibles Notes Derivative
	August 11, 2022			December 31, 2022
Common stock market price	$	3.04		$	2.10
Risk-free interest rate	3.28		%	4.68		%
Expected dividend yield	—			—
Expected term (in years)	1.39			1.00
Expected volatility	56.32		%	61.59		%

Below are the specific assumptions utilized:

	Warrants						Additional Warrants
	August 11, 2022			December 31, 2022			August 12, 2022			December 31, 2022
Common stock market price	$	3.04		$	2.10		$	2.34		$	2.10
Risk-free interest rate	3.03		%	3.76		%	3.03		%	3.76		%
Expected dividend yield	—			—			—			—
Expected term (in years)	5.00			4.61			5.50			5.12
Expected volatility	66.85		%	64.16		%	70.55		%	65.52		%

Balance of the Notes

The balance of the Notes as of December 31, 2022 is as follows (unaudited, in thousands):

	Current		Long term		Total
Gross Balance as of December 31, 2022	$	15,000	$	—	$	15,000
Unamortized Discount	(5,656)		—		$	(5,656)
Unamortized Issuance Costs	(337)		—		$	(337)
Net Balance as of December 31, 2022	$	9,007	$	—	$	9,007